What you need to know about credit scores
South Africa mainly uses two credit-scoring models, but they’re not identical. Understand how each model evaluates your financial habits, and how to improve your standing in both.
TransUnion
Personal loan surge: originations up 16.7% as lenders balance risk and demand
With credit card originations growing by 9.3% and Gen Z leading the charge, 38% of new credit cards were issued to first-time cardholders – the highest proportion since early 2020.
Entities that don’t take clients’ data security seriously are playing with fire
Dis-Chem is in the clear. TransUnion was issued with an Enforcement Notice, and the Information Regulator is investigating the data breach at the CIPC.
Regulator unhappy with TransUnion’s handling of data breach
TransUnion is directly contacting the individuals whose personal information it knows has been impacted by the hack reported over a week ago. This comes after the Information Regulator (IR) expressed its dissatisfaction with […]
Policyholders, investors ‘should be extra vigilant’ following TransUnion data breach
The Association for Savings and Investment South Africa (Asisa) has cautioned policyholders and investors to expect an increase in phishing attempts and approaches from criminals impersonating representatives from life insurers and investment companies […]
Younger consumers driving growth in consumer credit
Loan originations have increased year-on-year across all major lending categories, except credit cards. However, the South African consumer credit market remains below pre-pandemic levels, according to TransUnion’s latest overview of credit trends. Origination […]
Younger consumers driving growth in consumer credit
Loan originations have increased year-on-year across all major lending categories, except credit cards. However, the South African consumer credit market remains below pre-pandemic levels, according to TransUnion’s latest overview of credit trends. Origination […]
Increase in digital fraud echoed by TransUnion analysis
Last week, the Ombudsman for Banking Services (OBS) reported that it is continuing to receive complaints on a daily basis from consumers who were deceived into providing their confidential banking information to fraudsters. […]
TransUnion’s Industry Insights Report – Impact of pandemic still very real on consumer credit market
“South Africa’s consumer credit market remains subdued as the pandemic continues to impact household finances,” according to the TransUnion’s Q4 2020 South Africa Industry Insights Report. This in the midst of the just-released […]
TransUnion’s Industry Insights Report – Impact of pandemic still very real on consumer credit market
“South Africa’s consumer credit market remains subdued as the pandemic continues to impact household finances,” according to the TransUnion’s Q4 2020 South Africa Industry Insights Report. This in the midst of the just-released […]
TransUnion SA Industry Insights Report – More South Africans are relying on credit
The latest TransUnion’s Industry Insights Report found that unsecured credit products, including credit cards and personal loans, which are typically used to fund household expenses and smaller ticket purchases, saw a significant year […]
